Daebo Construction Surpasses 1 Trillion Won in Orders This Year

[Asia Economy Reporter Donghyun Choi] Daebo Construction, a subsidiary of Daebo Group celebrating its 40th anniversary, surpassed 1 trillion KRW in orders this year.

Daebo Construction announced on the 29th that it has tentatively recorded orders worth 1.0105 trillion KRW for 2020. A Daebo Construction official explained, "Despite the contraction in the private construction market, the company achieved its order target mainly through public sector projects, where it has strengths."

Looking at the order status by sector, in the civil engineering division, the company secured three private investment projects including the Wirye-Sinsa Line urban railway, Balan-Namyang expressway, and Seochang-Gimpo expressway. It also secured various types of work such as the Goyang branch office heat transport network performance reinforcement project, Pohang Blue Valley National Industrial Complex Phase 2 development project, Yulchon-Dukrye natural gas supply facility construction, and Gangjin Kkachinaejae tunnel opening project.

In the architecture division, Daebo Construction won two comprehensive evaluation bidding projects ordered by the Ministry of National Defense and the Paju Unjeong 3 A23 Block apartment construction project Section 11 worth 129.4 billion KRW ordered by Korea Land and Housing Corporation (LH).

Daebo Construction is also actively participating in Construction Management (CM) contracts with construction responsibility. This year, it secured orders for Yangsan Sasong A-4 Block apartment construction Section 5, Siheung Jeongwang Happy Housing and Eoullim Center, and Incheon Geomdan AA13-1 and 2 Block apartment construction projects. Additionally, it won orders for Yangju Hoecheon A3 Block private participation project, Hwaseong Dongtan 2 New Residential Culture Town special design competition for apartment sites, Gwangju Technical Institute Natural Science Building new construction (BTL), and Godeok Biz Valley Self-sufficient 2-3 office facilities (private contract).

A Daebo Construction official stated, "Based on the resilience developed through growth even during the IMF financial crisis, we surpassed 1 trillion KRW in orders by leveraging our strengths in the public sector. Moving forward, to establish a stable portfolio in both public and private sectors, we plan to expand our organization and workforce next year and focus our capabilities on private development projects and urban renewal projects."

This content was produced with the assistance of AI translation services.